Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

TSX:AOI - Post by User

Africa Oil Corp.

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Comment by Grizzle1on Jul 02, 2013 2:56pm

42 Views

Post# 21584736

RE:Giant Turkana Camel

Bob

Thibnk hes saying that TLW/AOI have held back on announcements for as long as they can to make sure the news will be positive for Ngamia, Sabisa and possibly Etuko. He beleives they are doing this to maximise the market reaction as both TLW/AOI could be vulnerable to takeover by the Chinese, or a bid for the whole of the Turkana basin.

Well maybe its a bit rich to suggest the Chinese/Asians are running a ruler over the both companys which would set them back arouund 15-20bn, its quite feasible to suggest that if the turkana basin is proven by Ngamia they will have offers coming in very soon, or maybe sooner than we think: Thats my take on it. What do you think hes saying?
Griz

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